Several banks have announced the waiver of PESOnet and Instapay fees for the holiday season, with most extending fee waivers until December 31, 2023.
The list includes:
PESOnet:
– BPI Direct
– Country Builders Bank Inc.
– CIMB Bank Philippines
– East West Bank
– Go Tyme Bank Corporation
– HSBC (retail clients)
– HSBC (retail savings bank)
– Land Bank of the Philippines
– Maya Bank, Inc.
– PayMongo Payments, Inc.
– Rural Bank of Guinobatan
– Philippine Business Bank, Inc.
– SeaBank Philippines, Inc.
– Tonik Digital Bank, Inc.
– Union Bank of the Philippines (retail clients)
Instapay:
– Bank of the Philippine Islands
– CIMB Bank Philippines
– GoTyme Bank Corporation
– Land Bank of the Philippines
– Maya Bank, Inc. (Business Deposit)
– Metropolitan Bank Trust and Company
– Rural Bank of Guinobatan
– SeaBank Philippines, Inc.
– Tonik Digital Bank, Inc.
This move aims to enhance customer convenience during the festive period. PESOnet transfers have no maximum limit and are processed by the end of the day, while InstaPay permits real-time transfers of up to P50,000 per transaction.
